This huge middle class has a lot of disposable income. It's also hungry for Western-branded goods. Wal-Mart early on found this fact to be very profitable.

Larger U.S. retailers have recognized for a number of years that the domestic market is mature. In order to grow sales, they have to look outside of the U.S.. China, however, is a big emerging opportunity.

China is expected to eliminate some key restrictions by January of 2005. Earlier, companies with a market cap of under $2 billion could operate in China only with a local joint-venture partner. This will no longer be valid.

This report confirms everything we've ever said about why the Byrd Amendment should be overturned,

We have more cargo coming in than last year, largely because of the end of textile and apparel quotas, but it's flowing much more smoothly from the ships to the stores than we saw in 2004,

The Byrd Amendment virtually defines corporate welfare, ... This is a massive payola scheme that takes money out of the US Treasury and uses it to line the pockets of private companies that have done nothing to earn it except sign on to antidumping petitions that drive up prices for American consumers.